Jane Street Group LLC Buys 2,437,613 Shares of Service Properties Trust (NASDAQ:SVC)

Jane Street Group LLC lifted its stake in Service Properties Trust (NASDAQ:SVC - Free Report) by 2,999.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,518,890 shares of the real estate investment trust's stock after purchasing an additional 2,437,613 shares during the quarter. Jane Street Group LLC owned 1.51% of Service Properties Trust worth $6,398,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SVC. Charles Schwab Investment Management Inc. boosted its holdings in shares of Service Properties Trust by 20.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,554,256 shares of the real estate investment trust's stock worth $19,188,000 after purchasing an additional 1,259,382 shares during the period. Barclays PLC raised its holdings in shares of Service Properties Trust by 310.6% during the third quarter. Barclays PLC now owns 280,421 shares of the real estate investment trust's stock worth $1,279,000 after acquiring an additional 212,130 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Service Properties Trust in the 4th quarter valued at approximately $828,000. Wolverine Asset Management LLC grew its stake in shares of Service Properties Trust by 300.5% in the fourth quarter. Wolverine Asset Management LLC now owns 174,903 shares of the real estate investment trust's stock worth $444,000 after acquiring an additional 131,237 shares during the last quarter. Finally, CM Management LLC increased its position in Service Properties Trust by 50.0% during the fourth quarter. CM Management LLC now owns 450,000 shares of the real estate investment trust's stock worth $1,143,000 after acquiring an additional 150,000 shares during the period. Hedge funds and other institutional investors own 77.62% of the company's stock.

Wall Street Analyst Weigh In

SVC has been the topic of a number of recent research reports. Wells Fargo & Company raised Service Properties Trust from an "underweight" rating to an "overweight" rating and lifted their price objective for the company from $2.50 to $4.00 in a report on Wednesday, March 19th. B. Riley started coverage on shares of Service Properties Trust in a report on Tuesday, April 22nd. They set a "neutral" rating and a $2.00 price target for the company.

Service Properties Trust Price Performance

Service Properties Trust stock traded up $0.04 on Thursday, reaching $2.23. The company's stock had a trading volume of 353,309 shares, compared to its average volume of 2,128,680. The business's fifty day moving average price is $2.20 and its 200 day moving average price is $2.56. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.03 and a current ratio of 0.03. The company has a market cap of $370.77 million, a price-to-earnings ratio of -1.51 and a beta of 1.77. Service Properties Trust has a twelve month low of $1.71 and a twelve month high of $6.34.

Service Properties Trust (NASDAQ:SVC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. Service Properties Trust had a negative net margin of 12.87% and a negative return on equity of 22.67%. The firm had revenue of $435.18 million during the quarter, compared to analysts' expectations of $433.21 million.

Service Properties Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Tuesday, April 22nd. Service Properties Trust's dividend payout ratio is -2.12%.

Service Properties Trust Profile

Service Properties Trust Nasdaq: SVC is a real estate investment trust with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of December 31, 2023, SVC owned 221 hotels with over 37,000 guest rooms throughout the United States and in Puerto Rico and Canada, the majority of which are extended stay and select service.